Turkey UPS Market By Type (Online, Offline, and Line Interactive), By Rating (Less than 5kVA and 5.1 kVA - 50 kVA, 50.1 kVA - 200 kVA, and Others), By Organization Size (Large Enterprise, Small & Medium Enterprise), By Industry Vertical (BFSI, Consumer Goods, IT & Telecom, Manufacturing, Healthcare, Energy & Utilities, and Others), By Region, Competition Forecast and Opportunities, 2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTurkey UPS Market By Type (Online, Offline, and Line Interactive), By Rating (Less than 5kVA and 5.1 kVA - 50 kVA, 50.1 kVA - 200 kVA, and Others), By Organization Size (Large Enterprise, Small & Medium Enterprise), By Industry Vertical (BFSI, Consumer Goods, IT & Telecom, Manufacturing, Healthcare, Energy & Utilities, and Others), By Region, Competition Forecast and Opportunities, 2028
Turkey UPS Market is expected to develop at a rapid pace between 2024 and 2028. An Uninterrupted Power Supply (UPS) is an electrical device that provides emergency power for essential systems and equipment in a facility when the main source of power fails or is switched off. It is essential for both commercial and residential use, as it provides additional protection for critical electrical apparatuses, such as computers. UPS units are usually powered by a battery, which makes it competent of supplying power even when the main power is switched off. It is an important instrument for critical installations such as hospitals, banks, and computer server rooms.
Increasing Power Demand driving the Turkey UPS market
In Turkey, the growing electricity consumption due to industrialization and urbanization has magnified the existing power demand. This has caused challenges such as occasional power outages or limited supply that require UPS systems to offer backup power and ensure the consistent functioning of vital systems and equipment. The increased power demand, consequently, is a principal driver in the UPS Market.
Reliable power backup solutions are becoming increasingly necessary for both commercial and residential sectors such as industries, businesses, hospitals, banks, data centers, and other essential facilities to ensure operational continuity, safeguard valuable equipment, and mitigate potential financial losses due to unplanned downtime. UPS systems are the most dependable option for achieving these objectives.
The Turkey UPS market has been experiencing growth due to increasing power demand, as businesses and individuals seek UPS solutions to guard against problems such as power fluctuations, grid instability, and power outages. Moreover, government initiatives promoting energy efficiency and sustainability have also acted as a catalyst for market growth, as businesses are incentivized to invest in UPS systems that not only supply backup power but also optimize energy usage and minimize environmental impacts.
Growing IT and Telecom Sector will drive Turkey UPS Market
The expanding IT and telecom sector in Turkey is set to be a significant catalyst for the UPS (market in the country. This upswing of the IT and telecom industry is being fueled by enhanced internet access, augmented demand for data services, and advancements in technology.
UPS (Uninterruptible Power Supply) systems are integral components of the contemporary business environment, playing an essential role in safeguarding the reliability and integrity of high-demand IT and telecom infrastructure from the consequence of any power disruption. When reliable power is crucial to the functioning of servers, data centers, networking devices, and communication systems, the smooth operation of organizations is dependent on UPS systems, protecting them from downtime, data loss, and reduced productivity.
UPS systems are becoming increasingly important as businesses are turning to cloud computing, IoT devices, and digital services in order to stay competitive. By providing an uninterrupted power supply, UPS systems enable the uninterrupted operation of these technologies, thereby preventing service disruptions and preserving data integrity. Consequently, the demand for UPS systems is on the rise.
The IT and telecom sector has experienced steady growth in recent years due to the advent of digital transformation occurring in various industries. Banking, e-commerce, healthcare, and logistics serve as examples of such industries that heavily rely on the provision of reliable IT infrastructure and communication networks to guarantee the efficient delivery of services. Uninterruptible Power Systems (UPS) are instrumental in providing the necessary power protection for such industries in order to sustain high levels of customer satisfaction and business continuity. In addition, government initiatives that aim to boost digitalization and investment in IT infrastructure have created a conducive business environment, enticing domestic and international players, and thereby increasing the demand for UPS systems.
The IT and telecommunications sector in Turkey has generated increased interest in the UPS market due to its steady expansion. This is largely due to the need for uninterrupted power supply which is required for services such as digital services, cloud computing, and the Internet of Things. Major IT and telecommunication companies understand how integral reliable power backup is for maintaining operations, data protection, and customer satisfaction. Therefore, it is expected that this demand for UPS solutions will consistently rise as this sector continues to grow and develop, thereby providing significant potential for UPS manufacturers and suppliers in Turkey.
Increasing Awareness of Power Quality
In recent times, the awareness regarding power quality has been increasing significantly, which is expected to drive the (UPS market in Turkey. Power quality is the quality of electrical power that encompasses many related factors, including voltage stability, frequency variation, harmonics, and waveform distortions. As power quality deteriorates, there could be serious operational disruptions, such as equipment malfunctions, data corruption, and even operational breakdowns in a business.
The recognition and understanding of the importance of maintaining a reliable and high-quality power supply among Turkish businesses and individuals have grown in recent years. This awareness is because power fluctuations, voltage sags, and surges can cause significant damage to sensitive electronic components, such as data-loss and costly downtime. To ensure that connected devices are safeguarded against power disturbances, UPS systems are essential. UPS units act as a protective barrier between the main power supply and connected equipment, providing a consistent and pure power supply. The systems offer voltage regulation, surge suppression, and isolation from power disturbances, enhancing the power quality of connected devices.
The diffusion of advanced technologies in industries such as manufacturing, healthcare, finance, telecommunications, and IT, has underscored the importance of consistent power quality for uninterrupted operations and data integrity. To ensure effective operations and protect sensitive electronic equipment, businesses are investing in Uninterrupted Power Supply (UPS) systems. A UPS system provides an additional protective layer, allowing for protection from voltage fluctuations or power outages, and significantly minimizing the risk of damage or downtime. With rising awareness of power quality, the reliance on UPS systems continues to grow as businesses and individuals adopt sophisticated technologies that require clean and stable power.
The rising cognizance of power quality in Turkey is expected to be a major impetus in fueling the expansion of the UPS market. Businesses and individuals have started to realize the immense importance of sustaining a stable and consistent electricity supply to protect their devices, information, and activities. This incentive has warranted the use of UPS systems as an effective source of backup power that reinforces power quality. This movement is further strengthened by the digitalization of services, compliance requirements, and the need to maintain continual operations within various industries.
Recent Developments
In Feb 2021, TEÄ°AÅž, Turkey's transmission system operator, has chosen Hitachi ABB Power Grids as their partner for a grid expansion project. Hitachi ABB Power Grids will be supplying the grid operator with 62.5 MVA and 100 MVA, 154 kV power transformers worth a total of USD20 million. This project is set to improve the accessibility of affordable energy in Turkey's remote regions, and it will reduce Turkey's dependence on polluting diesel generators and other unreliable local energy sources.
In March 2020, Eaton, a power management company based in New York, has announced a definitive agreement to acquire an 82.28 percent controlling interest in Ulusoy Elektrik, a leading switchgear manufacturer based in Ankara, Turkey. Upon completion of necessary closing conditions and regulatory approvals, the transaction is expected to be finalized in the first half of 2019. With shares traded on Borsa Istanbul, Ulusoy Elektrik had sales of 555 million Turkish Liras (USD126 million) in the trailing twelve months ending September 2018.
Market Segments
Market Players
Major market players in the Turkey
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| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Type Rating Organization Size Industry Vertical |
| Regional scope | Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Black Sea, Eastern Anatolia |
| Key companies profiled | Arçelik (Vestel Power Systems), ABB Turkey, Socomec Elektrik, Delta Electronics Türkiye, SCHNEIDER ELEKTRIK A.S, Rittal Pano Sistemleri Tic. A.Ş, Eaton Turkey, LEGRAND TÜRKIYE, Huawei Device Co., Ltd, Riello UPS ELEKTRONİK. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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